21 October 2024 | 9 replies
Some lenders are going to want 2-6 months of lease history before lending, others can lend with just a market-rent estimate, others don't even need to show positive cashflow.Ultimately every borrower is unique, every property is unique, and therefore every transaction is unique.
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19 October 2024 | 0 replies
Lease-to-Own or Rent-to-Own: Offer lease-to-own agreements where a portion of the rent goes toward the property’s purchase.
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17 October 2024 | 19 replies
She is responsible for the entirety of the lease, even if she vacates early.
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20 October 2024 | 8 replies
Create as equitable utility division as you can, place this utility expense in each lease, and charge the tenants per the utility usage.
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19 October 2024 | 30 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.
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19 October 2024 | 4 replies
@Jackie Liu you probably have enough info to deny their application, but if you want to continue to try to approve:1) Ask applicant for copies of their lease(s) to support they've been there for 4 years and who PMC is.2) Get 2023 W-2 to see what address is on it3) Ask them to obtain and provide you with their FULL electricity account history.
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19 October 2024 | 25 replies
You can also look at our major highway systems and in places like boston they are leasing air rights over major highways for building as well.
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20 October 2024 | 84 replies
@Alan Asriants there is no added time or added risk when buying properties that one triple net leases.All the drawbacks you mentioned are eliminated with NNN leasing owned properties.If the interest rate on the loan is low enough in relation to income received, there is no financial point in eliminating leverage, mortgage.
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18 October 2024 | 7 replies
The lease says "rent is due on or before the 14th day of each month in advance notice or demand."
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13 October 2024 | 10 replies
Hi everyone, My building (condo high rise) started implementing a fee called "lease fee" two years ago.